Another Article from my Archives As a sportsman(So too as a trader), you’ve got to realize that it’s not the end of the world if you lose one game or more..You should get down to basics and play every point on its merit. The moment you sit down to differentiate the first point from the… Read More »
In a forest, a pregnant deer is about to give birth. She finds a remote grass field near a strong-flowing river. This seems a safe place. Suddenly labour pains begin. At the same moment, dark clouds gather around above & lightning starts a forest fire. She looks to her left & sees a hunter with… Read More »
In Continuation with Previous Article Embracing Failure Failure has associations of negativity. However, failures are opportunities. Generate a feedback loop about your trading. Carry out post analysis every weekend. INCORPORATE it into your trading routine. While many see failures as extreme set backs, others see them as opportunities to learn and move forward. Nicholas Darvas was the… Read More »
In Continuation with Previous Article Reacting to Losses So we have a string of losers… we follow our strategy perfectly, take positions in good quality names in sound consolidation patters. We have 5 positions open. One by one we get stopped out. We have a 10% draw down. How do you react to this? Do… Read More »
The way Novak Djokovic played yesterday to win a Carrer Grand Slam shows the mental strength required at such high level of tennis. On the Similar Grounds a Professional Trader need to develop a High level of Mental strength to be successful over a period of time. The current article is from my archives not… Read More »
One day a man saw an old lady, stranded on the side of the road, but even in the dim light of day, he could see she needed help. So he pulled up in front of her Mercedes and got out. His Pontiac was still sputtering when he approached her. Even with the smile on… Read More »
Don’t Chase Trades; Let Them Come to You If trader win a trade, he try to force another winning trade and mostly lose in second trade. And if trader lose first trade, most of traders try to quickly make back what they lost on the next trade. This irrational behavior is mostly seen in… Read More »
One of the things that sets the best traders apart is their ability to constantly improve and innovate. By Constantly improving I mean learning from mistakes and not repeating the mistakes again. So how can you break your bad habits and become a better trader? Understand How your mind works – Most Important part… Read More »
On September 16, 1992 – later dubbed “Black Wednesday” — the day the British government abandoned the European Exchange Rate Mechanism (ERM), and the pound was devalued by 20% George Soros made over $1.2 billion on his short sterling trade and was dubbed “The Man Who Broke the Bank of England.” Soros funds management has… Read More »
If you are a LOSS making trader, Answer the below question to yourself Honestly. What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate Unable to Understand Market Trend as it moves from Sideways to Trending or Is it your system or strategy? You are not having the… Read More »